Real Estate in Zimbabwe

CASABLANCA, 2017/08/20
African real estate has had a tough year navigating diffcult economic conditions. Most investors on the continent remain private equity groups as opposed to long term investors or Real Estate Investment Trust ( Reit) investors.
There have as well been currency problems in the likes of Nigeria and Zimbabwe. But 2017 could be better if commodity prices rise globally.
"The continent gained traction last year, notably in the Hotel, Retail and Residential sectors. One hopes that, in 2017, there will be fewer economic and structural difficulties for African real estate," said Ortneil Kutama, Africa Property News Media Director.

BOTSWANA, 2017/08/20
Some property pundits believe there are major opportunities for investors or companies on the continent.
While most pundits will acknowledge that the saying “Africa is not for sissies” rings authentic at the same time as it comes to property investment , some commentators believe that there are major opportunities for investors on the continent.

ZIMBABWE, 2014/02/23
The National Social Security Authority (NSSA) has become the new public entity to be rocked by allegations of graft, next it emerged Friday that the authority is embroiled in a $50 million dollar scam.
Reports said the cost of a hotel built by NSSA in the border town of Beitbridge grew from $17m to $50m, in suspicious circumstances. The Herald said NSSA, which was awarded the $17m tender to build Rainbow Beitbridge Hotel on the basis that it had the money to finance the project, ended up using pensioners' funds to hire a construction firm.
The development comes at a time at the same time as NSSA officials were due to appear before the parliamentary portfolio committee on public accounts next Monday to answer questions on other issues. But committee member Paurina Mpariwa told SW Radio Africa that the new scam will be 'top of the schedule.'

ZIMBABWE, 2013/06/01
Zimbabwe has been facing political and financial turmoil for additional than a decade, derailing the government’s ability to function and respond to crises, adding pressure to the country’s real estate sector.
A recent Economic Statement for Africa mentioned that Zimbabwe is presently ranked part the top 10 economic performers in Africa. While this is good news, what does this mean particularly to those South African retail companies that are looking into investing in the country.

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